Finance deals round-up

Ashurst

Morris Crisp’s Milan office (Riccardo Agostinelli) advised Banca
Intesa on its e123.5m (£86.2m) acquisition financing for a majority
stake in cosmetics manufacturer Intercos Italia. The purchaser, Dafe, was
represented by Bonelli Erede Pappalardo, while Intercos was advised
in-house.

Herbert Smith (Jane Borrows) acted for Lehman Brothers as arranger and
co-lead manager on the issue of £1.5bn of multicurrency floating-rate
notes by Lothian Mortgages. The notes are backed by residential flexible
mortgages originated by Standard Life Bank. It is the first time Herbert
Smith has advised Lehman Brothers on a mortgage-backed securitisation.

Slaughter and May (Stephen Cooke) advised Cazenove as underwriter on the
£82m placing and open offer for the mezzanine finance provider
Intermediate Capital Group.

Paul Weiss Rifkind Wharton & Garrison (Mark Bergman, Ian Putnam, John
Connon, Heather White) represented EMI Group on a high-yield offering of
senior notes, upsized from e300m (£209.4m) to e425m (£296.7m).
The notes are due in 2013.

Simmons & Simmons’ London and Rotterdam offices (Christopher Lewis,
Harm van Berkum) advised Home Credit Finance as originator in the first
rated securitisation in the Czech Republic. The transaction involved a
structure using multiple Dutch special-purpose vehicles, enabling Home
Credit Finance to securitise its portfolio of credit card receivables.
Brzobohaty Broz & Honsa acted as Czech counsel to Home Credit Finance.

Chadbourne & Parke (Nabil Khodadad) represented Société
Générale in a $181m (£108.4m) airline lease-financing
transaction for two Boeing 767 aircraft. The purchase financing is
partially guaranteed by the Export-Import Bank of the United States, and
the borrower will lease both aircraft to Uzbekistan Airways.